Bitcoin Forum

Gold and silver are hedge against inflation/price rise and they protect people's wealth during wars, natural disasters such as Earthquakes, hurricanes, cyclones, economic crisis, 9/11 terrorists attack etc.. so gold and silver are a store of value.

Stock markets are indicators of sales in the economy. When there is sales for the company as per study, they are profits and share price rise. if there is loss, the share price falls.

As a commodity, what does Bitcoin price show or protects people from ??   ;D

Bitcoin can also be a store of value, it's digital gold. The only danger to bitcoin is an internet outage all over the world, it's the only way your Bitcoin cannot be accessed again. When there's not internet, there's no way to verify the blockchain anymore. But for the disasters you mentioned that won't be the case.

- Edit: An other scenario in which Bitcoin can't be accessed again is when all copies of the blockchain are gone, but that's highly unlikely.

Protection against inflation

Bitcoin is like digital gold though it is not actual gold.
Bitcoin will go up in value, when it's done then the price will drop.

Bitcoin can protect people from :
1. Money inflation, that's meaning when the price of money of your country go down, your assets is still safe because bitcoin is cryptocurrency.
2. Devaluation, protect you when the goverment make a decision to lowered the price of money of your country.
3. Depresiation this same with devaluation, just because different reason or the goverment.
4. Natural disaster, protect your assets when your place got a natural disaster, because you invest your assets in digital.
5. Crime, protect your assets from s crime activity
Maybe another friends can give you another answer. Thanks

BTC can also effectively prevent inflation!
You invest in BTC. In the event of disaster, BTC is in the wallet, whether it is the hardware wallet or the Internet wallet, it will not cause BTC loss due to the loss of the disaster!
But the price of BTC goes up or down with the market!

Anonymous transactions

at present people are losing money in Bitcoin because Bitcoin is not staying at $7000 also

Off course anonymous transactions and disclosure. This gives bitcoin the advantage over fiat. investors enjoy the secret nature of transaction and it and protect against fraud because the owner always knows the seed to the wallet alone.

Who says bitcoin can only exist as a commodity and not a store of value? Bitcoin has proven itself to be a good store of value time and time again, though only if you intend to keep your assets for a long time. Some financial experts are even thinking that bitcoin could also exist as a reserve currency given its innate ability to hold value over time and its flexibility to exist beyond borders, so whenever the time comes that they need some emergency spending, they could thaw out bitcoin from their cold storage and send it to its destination. Like silver and gold, bitcoin protects us from the risks of inflation and the devaluation of fiat, and no, bitcoin isn't only a commodity but could also be other things.

Bitcion is protected by many peoples and investors it's because this is a valuable business investment property keep on patience always think an asset owned to be handled  with care.

Good answer, this one. :)

And I would like to add, if I could, a simple link. This is also a little bit adding on my two cents to @dothebeats, about bitcoin being a store of value.
https://www.independent.co.uk/news/world/europe/customers-at-cyprus-biggest-bank-stung-by-60-raid-on-savings-8555078.html

What does bitcoin protect us from?
Governments.

Can you imagine losing 60% of the money that you had spent your blood, sweat, and tears earning?
And someone just has the gall to come in, and tell you it doesn't belong to you anymore.

And bitcoin solves that issue. When it belongs to you, that means that it belongs to you alone. And that's worth everything. It is true ownership. Such a creation has never been seen before in the history of money.

The price of gold and silver is always strong because the goods have intrinsic value, can be made jewelry for human.

There is $10 to $90 worth of Gold in each computer (processors).  An average sized solar panel has 20 grams silver. There are miles and miles of solar farms worldwide (deserts, mountains, sea/waters)

Bitcoin and cryptocurrency can protect you from many things. Starting from protection against thieves and hackers, who decided to rob your house or credit card( wallet also can be hacked, but it is more difficult) and finishing with protecting from inflation of fiat money or devaluation. So cryptocurrency is safer than paper money, IMPO.

Bitcoin is also a Store of Value, and I think it might be a even better Store of Value than Silver and Gold. It has happened before that large Cartels were manipulating the Gold and Silver prices and that the governments lied about the amount of Gold that are being stored in their vaults. <Ford Knox>

The government has even made it illegal for people to own Gold in the USA. What are preventing them to do the same in future? Bitcoin cannot be confiscated, if you store it correctly.  ;D

Well bitcoin is a currency which can be use to carry out payments online and gold or silver don't have such function and bitcoin as a store of value it interest during price rise is shared among holders and when price falls the lose is also shared among holders, but the unique side of bitcoin is that bitcoin protect it users from third party involvement such like from the bank or the government giving it user the total freedom over they financial life.

Bitcoin is store of value as if you are holding bitcoin you bought at a dip and the price went up to a reasonable value. When you sell off you can see that the value of your asset is now even up to 1000%. Though it can also go down  then you will hold till the price reverse.

Bitcoin protects your data and personal info from being used by the government and financial institution.
With time, it will protect inflation and be an good store of value.

The gold and silver market is totally rigged.
There's much more paper gold out there (certificates) than real gold.
And in terms of silver I recommend to google Blythe Masters and what she has done to mess up the silver market.
How much profit have gold and silver investors made over the last 5 years compared to Bitcoin hodlers??!!!  ;)
And silver and gold are pretty hard to transport over the borders. Pretty easy to seize. Bitcoin compared to that is so much advanced.
Gold and silver offer no competitive advantage to Bitcoin except it's long term existence. Especially no where we are the transition phase to the digital age Bitcoin is just superior.

Bitcoin protects people from the centralised world economy where everything is controlled by the government. For instance bitcoin enables community users to determine prices they want to sell or buy. Hence the majority determine the price.

Bitcoin is anonymous.... Also easy and free transactions as in..u can make transactions anytime ..ur wallet ur bank..most wallets has no limits

It protects you against : Fraud, Identity theft, Higher middleman fee, limited access and most importantly you own the bitcoin.

during disasters such as wars,... food and shelter is the store of value not gold and silver. you can't shove gold up your bum and get warm when nuclear winter happens ;)

bitcoin is a currency. a currency is not supposed to protect you. a currency is a medium of exchange. you give unit of currency and receive goods in return!

Youre right on devaluations protection when governments lowered the money price,but we are facing this daily when dropping of prices happening becauseof volatility.so this is much riskier than devaluation

But all of your points are greatly appreciated since you have mentioned the hardest part of money and the goodnessof bitcoin

I don't think bitcoin is meant to be a commodity, that is the thing. It's primary purpose is to be used for transactions and I hope that will really happen one day

Bitcoin is just an instrument like any others...
It always depends on the use you make of it!

Invest on other coins now rather than waiting for bitcoin to go to moon again. Try to invest on LEDU Coin. which offers great deal and brings professional development to the next level

I can answer, bitcoin can save people from TAX  ;D
Because they can hdie their wealth, this is one of the reason why bitcoin is so popular and most countries banned it.

Yes many bitcoin services for everyone because they have helped everyone to get very easy money and very easy job to search in bitcoin so everyone who has recognized cryptocurrency surely they are very thankful for cryptocurrency because from there they can forgive the family they are from bitcoin or cryptocurrency

I will add one thing. Bitcoin can saves you from technical difficulties on transferring your wealth to a new place if you decided to move to other country or other place.

Still, bitcoin is still far from gold and silver. There is no such guarantee of safety of funds, especially since the cryptocurrency market is so unstable in recent years.

Since bitcoin supply is limited,its free from deflation.Also its the only asset which gives the highest ROI today for the investors.Also it makes people's investment free from the hands of governments.

Bitcoin / cryptocurrencies is protecting us from 1st  big taxes from the government, 2nd it's also protecting us from big fees in sending money abroad. Just my opinion  ;D.

I think so too that bitcoin can be like gold that can protect our property, because people are more comfortable to store their treasure in bitcoin in difficult circumstances such as disaster or during a war, because cryptocurrency is a practical place.

Bitcoin is new economy system using blockchain system and creating transparant in every transaction. Gold trusted because peoples believe for thousand of years and bitcoin is just 9 years. Bitcoin protecting peoples from duplicating transaction its more trusted than fiat money right now

Well unlike other kind of monetary, Bitcoin is not backed by anything physical, like gold or silver. You could store all of your asset in one single device, so it is easy to bring along. It keeps you away from inflation, even though the value of your country currency go down, your asset remains the actual value as bitcoin is a  crypto currency. Also, Bitcoin allows people to perform Anonymous transaction with security at a higher level than ever.

Bitcoin can protect the people who are living in countries where their fiat currencies are not so stable. Even though it is considered as a mean of speculation in most countries, Bitcoin is the most known and secure cryptocurrency that can act as the medium of exchange or the store of value in those countries.

I think there is a physical bitcoin, but the exchange rate is the same as bitcoin on the electronic wallet of the coin holder. that's not wrong. bitcoin in physical form as well as gold and its value will follow the trajectory that is in the market. does not rule out the next few years will be more bitcoin used by people for free transactions. but for now it has not been done because there are still many countries that have not allowed bitcoin as a means of legitimate payment.

I do agree but once all bitcoins are mined out (estimated year: 2140) bitcoin be subject to inflation. For inflation to occur, the demand of the currency must exceed the supply provided in the market. Since mining and creating bitcoin only halves itself every four (4) years, it will inevitably be scarce in the future.
Although bitcoin may be immune from inflation in the time being, it is preferred for investors to consider their investments for long-term as its value might skyrocket once its creation stops.
Lastly, that is primarily the reason on why people view investing into cryptocurrencies (bitcoin to be specific) as a legacy that can be passed from generation to generation.

I think the anonymity of Bitcoin in protecting the identity of its users as well as the bitcoin system allows people to protect their property from anyone's reach as long as the private key is maintained.

First, bitcoin isn't a safe haven at the moment, and more often it's a speculative commodity.
So it's not scientific to compare bitcoin with gold.

well bitcoin does not protect nor has any mechanism when someone like you who doesn't understand how the market works tries to make profit from it but fails over and over then moves to other markets without understanding them either and buys into them like buying silver and loses money there also. there is no protection for people like you. so try to learn and educate yourself if you don't want to lose money like this instead of spamming bitcointalk ;)

I think bitcoin is a currency with a free market by utilizing technological advances and advancement of the era anyone can access it and even invest in it may be for the security factor is very limited

Open a browser and go to any Bitcoin chart. Change it to a weekly chart and zoom out to the year 2010 to 2018. You can now see how Bitcoin has never lost its trajectory and it is still going up.

Plus "protection" can also mean other things. Bitcoin is also a protection against censorship because as long as your transaction is valid, no one can stop it. It can also be a protection against confiscation of property because Bitcoin is a sovereign asset that cannot be controlled by any state.

Good defense but it is still a specualtive asset at this moment. I heard some countries that treat it like currency but as an entirety, it still not considered as money. Others are still experimenting and observing.

I am not denying that it is a speculative asset. I believe it is what brings the fun in Bitcoin. Hahaha.

It should not convey that what I said about Bitcoin's censorship resistance and property confiscation protection is wrong. 8)

Bitcoin offers the freedom of possessing assets, without being controlled by others, without worry of being stolen, high security and a solid community making bitcoin survive today and forever.

One from natural disasters, secondly it operate on decentralized system where no government policy affect/control your account.     

I'm sure that in 20 years there will either be very large transaction volume or no volume -- Satoshi Nakamoto

Bitcoin protect us from centralized system. Centralized system can monopolize the market i guess.
Cryptocurrency protect peoples with the cryptographic system that enhance the security of your currency.

Bitcoin is a payment system and a currency in its own as most of know PayPal, it is a payment processor but not a currency itself and we know the famous USD it is a currency and not a payment processor and when we combine both then we obtain bitcoin that is digital currency it helps the people in many ways like they can transfer money from one country to another in a matter of seconds whereas previously it used to take many days to recieve the money.

Bitcoin is also like silver and gold. Though bitcoin is a kind of digital money. It also protects people from any kind of calamities and dangers. Though people just need to be watchful against the market price and its security for safety purposes too. Bitcoin is also similar to silver and gold only in an advanced way.

Bitcoin gives the freedom of holding your values with yourself. When you are holding a $1 bill, you are not holding the actual $1 worth of paper but the promise by the organization (we call it the government) that they will give you anything against your $1 bill. On the other hand, when you are holding Bitcoin worth $1, you can use it anywhere around the world where the other person is willing to accept it. There is no third party to deal with anything on behalf of you or to take any responsibility. In the second case, you are trusting each and everyone from the Bitcoin network which is a true democratic sign of trust.

i dont know about it, i dont know with bitcoin that protect economy of people like gold or not, we can see that gold have their own comodity and doesn't affected with inflation. bitcoin maybe affected with inflation but not much like the cash or local currenceis. so many people use bitcoin as their investment for get away from inflation

I think bitcoin can protect people from bank issues like bankrupt because our money is secured because it's cryptocurrencies that can only used of process by digital system or Blockchain and no one can able to touch it and getting away from us. It also protect as from the poor life of living which is the real time problem in our economy and that is financial stability. In bitcoin we can have a financial freedom that we wanted to have in our life.

I know most of the common answers to your question was already answered by others. For me bitcoin protects us from those corrupt people running the centralized system taking advantage of power and the ignorance of people when it comes to money management and economic problems that we are facing worldwide. Bitcoin is mainly invented to correct those blunders that those people committed that causes inflation and made the public suffer.

i think Bitcoin protects people from the centralised world economy where everything is controlled by the government.

Bitcoin takes everything, it's more realistic, they make people make money very easy and it's easy to find bitcoin so people have recognized the money they are sure they are grateful for money. electronic

Bitcoin protects people from the banks where money is controlled by the government.

In my opinion, bitcoin protects us from the social division. When you invest, you become equal to everyone in the market. And if you keep 100$ in a book for a good moment, you'll lose the world of the economy. Because in each country banknotes are valued differently.

In corrupted and fluctuated economies, bitcoin still looks like a better way to invest.

Bitcoin can also act as a store of value like gold and can hedge against inflation. Otherwise, I think that Bitcoin protects people from the intermediaries. The intermediaries like banks and financial institutions charge huge amount of fees for executing financial transactions. This makes the transactions very costly. But Bitcoin is decentralized which means it is not backed by any authority.  So it eliminates the intermediaries.

Bitcoin creator "Satoshi" who has some 6 million Bitcoins is worth some $35,000,000,000. Satoshi is getting all the money just like banks.

Bitcoinfor me protect people from misusing there funds instead they channel it  to investment. Bitcoin protects us from a life time poverty.

for me the bitcoin protects people like investors and holders because it's a business but it's a long term we just need long patience

Well, in my opinion it protects people from its own animosity. We know that bitcoin has its own privacy in terms of everyone's identification. It protects from being controlled by corrupt government.   

For me bitcoin protects people from the hackers and scammers and people who are untrusted because nowadays, poeple don't want to invest in banks because there js a lot of efforts you need to have a good and reliable bank and to grow your money, bicoin lessen the efforts and your money will grow and the result is unexpected because it may be doubled or tripled the price that you invest.

Actually Bitcoin is good for all the people but this is same as the sales of company if there is a volume of sales of course huge profit are in but it fails the target within the month of course they suffered the low income. like bitcoin there so many times that people are happy and enjoy the profit they got during the situation of price are really good. but for the time when the price are changed into lower price they felt disappointed I hope that people are accepting the reality. We are totally plying the volatility of bitcoin we have nothing to do this is the product of new technology.

The first part of your statement is not relevant, bitcoin attracts scammers and hackers especially if they've seen what inside your wallet, though the system allow anonymity but given by the facts that hackers will do everything to try emptying your pocket, but those last part are for real bitcoin as
formed of investment allow us to save our money with a lots of potentials to grow far higher than any banks can offer.

Actually, BTC dont protect people from anything, it's just a new technology which gives people improvements that make human life more convenient

that's highly unlikely to have an outage of internet all over the world though.bitcoin does give you anonymity. we can say it protects people giving away their identity

In the opinion that bitcoin protects people from lacking identity, they give us a password bitcoin long such as a private key so your btc does not steal the evil that I think is why bitcoin protects our identity.

In my own idea, bitcoin can save some unemployed people from poverty.

Mastercard to start anonymous transactions on blockchain

Mastercard won a patent for anonymous transactions based on Blockchain. The new Mastercard patent describes a system that facilitates anonymous transactions through a block system. According to Mastercard, the transparent nature of transactions with blocking is an obstacle to adopting this technology for daily payments. Personally for here there will be no transparency. On the contrary, "you are in the rhythm of dance - you do not have to go anywhere" Mastercard actively cooperates with the states. Now the entire transaction will remain in life in the blockchain.

https://www.ccn.com (https://www.ccn.com/mastercard-wins-patent-for-anonymous-blockchain-transactions)

The main advantage is that bitcoin protects you from intrusion into your personal life.
There are absolutely no restrictions (maybe except for the speed of transactions) on how you can spend your coins.
It protects your personality and anonymity and that's why bitcoin is becoming even more popular.

Bitcoin is going to protect us from banks taking over the monetary system. More and more people trust banks and ignore their disadvantages. I personally stopped trusting banks after I discovered cryptocurrencies. However, Bitcoin does not protect people from their own stupidity. There will be scams and thefts related to cryptocurrencies and we can't avoid that.

Bitcoin is a currency. And by definition is a store of value.

Its subject to theft when not properly stored like any money.

Unless the internet no long exist, no threat is absolute.

Lastly, it protects from poverty

First of all,you can avoid third party tax like from banks and government.It can protect you from inflation despite the volatile price and you can manage your own money.You can track your transaction openly without manipulation.

I don't know why you're classifying Bitcoin as a commodity but one thing we must know is that Bitcoin has a store of value such as Gold, Diamond, etc (anyways that's how I consider my BTCs). You can really get a lot value from BTC if you hold for long-term.

I agree with you. As for me personally, it is the best way to earn money, not to be connected with corruption government. Only in this way we all can go for yourself.

For me, bitcoin protects people from being scammed by other banks or hackers. Since bitcoin is secured, it lessen the chance of being hacked by hackers or scammed. It also protects people from being greedy.

For me, bitcoin protects from hackers and scammers  because nowadays scammers and hackers are prone in the philippines and bitcoin users wants to avoid scammers and bitcoin protects people from having a interest from banks because users of bitcoin do not have interest and the money that they earn is only for them not sharing from banks.

Bitcoin has a lot of purposes,first of all bitcoin was bring us for secured system,and you dont need to worry about your money because it has a lot of authentication, and also we are only able to see our transaction with our identity and other could see only the tx hash,these are the thing that bitcoin is has.

bitcoin like stock prices that could rise and fall drastically this and this our efforts to keep the value of bitcoin to remain stable and always go up we can do by maintaining investment and attracted many investors come to be interested in bitcoin virtual coins.

Bitcoin is the future.My opinion bitcoin users will use more often

In your message, you replied. Perhaps we can draw an analogy with gold? And call Bitcoin digital gold?

I
Bitcoin protect people from inflation and maintain their wealth of because Bitcoin cannot be reproduce. It also protect people from corruption if it will be use in the government because Bitcoin transaction is transparent and can be viewed publicly.

Bitcoin can protect people from crime, Bitcoin Users have full control over their transactions, it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Payment with Bitcoin can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.

Bitcoin has brought the ideas of cryptocurrency and blockchain to the broad masses of people.  People are becoming less dependent on their governments and banks. Bitcoin gives freedom to all of us. People have an alternative to the inflationary currency, which the government imposes on us.

There is no way to verify blockchain anymore. But for the catastrophes you mentioned, that will not happen. Bilcoin can protect you when the government decides to devalue your country. Because you invest your property in digital.

Bitcoin protects users with their high-security technology and, above all, they will not disclose information. But the money in the user account they have to take charge of the management. If they are stolen by a Bitcoin scamer there is no responsibility to get it back because it is your fault

Actually Bitcoin is just a business, we are investors. It's like the stock market and Bitcoin does not protect us. We protect ourselves from the risks of investing in our experience.

until right now I don't think that bitcoin is more good than the gold and silver because the value of bitcoin is changes every time, it makes that the price of bitcoin is unstable, but there are many people in this world that believe in bitcoin that bitcoin can be the next commodity like gold and silver because we can see right now years by years the price of bitcoin is increasing more and more

The Company of bitcoin protects people from scammers that pretend to be a good kind of business man or woman to get the investors money, to earn an income in a bad way for their on good.

i would say crypto users are more vulnerable to get hacked than fiat users. It's because of lack of education. You hear about crypto hacks every week, how often your fiat bank account got hacked? Even if so, you're likely to get reimbursed

Also from the disasters like what op says, because your Bitcoin is in the safe place like cold wallet, hardware wallet.
Or even the scammers or a thief that wanted to get your assets especially your Bitcoin because it is a digital.

AS per my knowledge, bitcoin can protect people from devaluation of your fiat currency. This is because when the goernment make a decision to make the price of their money lowered. Also, Inflation, you can avoid inflation by  investing in bitcoin. LAstly is your identity in your bank. Here in bitcoin is much more anonymous compared to bank.

Controlling inflation is impossible, and we can only control it

I will answer this question just only based on my experience in using Bitcoin. This crypto currency protects people from hassle in having their financial transactions. Well Bitcoin is really a great crypto currency that lets people to avoid a slow transactions and processes as well as having a secure way of transferring money which the user is anonymous because it is a decentralize currency.

Bitcion protect us by hiding our wealth safer and away from manipulation of government issued taxes that's our hardships we do it with strength and perspiration enough that we give a ten percent taxes not in exceed of our wealth.

Bitcion is helpful to the society it protects us of being poor .

Bitcoin is a way to reduce the burden on the economy, at least now, while this technology is developing. And later it will be a way to get away from inflation)

It protect you from any scam net working site if you get in to it but in bitcoin, Bitcoin is often perceived as an anonymous payment network. But in reality, Bitcoin is probably the most transparent payment network in the world. At the same time, Bitcoin can provide acceptable levels of privacy when used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your bitcoin account.  

Bitcoin protects people only from large taxes and poverty)))

I think at first, the bitcoin and all cryptocurrency system protect people from standart banking system and their huge fees.

Bitcoin protects people from waste a lot of money when they try to send funds to someone anywhere in the world.  People pay extra charges just to send funds to a relative or friend. Bitcoin also provides a decentralized ecosystem. 8)

I think that bitcoin protects people from inflation. After all, the rise in prices for goods does not affect the decrease in the price of bitcoin. And bitcoin protects people from poverty. It is thanks to this cryptocurrency  people have an opportunity to earn well.

Bitcoin does not protect bitcoin in many people it just means that many people can and it also causes so many bitcoins to make it simple to study.

The anonymous transactions and disclosure and also the personal information of yours and hiding our wealth safer and helps us to improve our life and to be ready in future and protects to poverty and large taxes.

I assume the anonymity of Bitcoin in protective the identity of its customers in addition to the bitcoin machine permits people to defend their belongings from every body's reach so long as the non-public secret's maintained.

Bitcoin more secure than gold silver or fiat currency

Bitcoin can protect us by using bitcoin wallet and we can also deposit are money if you cannot trust the bank or atm's account you have a second choice to choose the bitcoin wallet it can help to not to robbing if you walk in the street or walking in street in the night and it's easy and safe to use it's look like a bank account you have a pin to log in in your bitcoin account.

Bitcoin has nothing to protect but for the interest of the investors only,people inside cryptocurrency are here to gain and earn so whats the only concerns here are the future investments

People are the one who needs bitcoin because of the technology behind this,and bitcoin needs people for this to grow and progress so in that case,both need each others

 ;D ;D you an take it more then gold or diamond. Gold or diamond may stolen from your home and bank but if you stored BTC it will never be stolen if you don't loose your key or if you do not work in fishing site. you see last btc price hit $19500 then what you will say. If you store gold it would not give you that price as you store BTC into your wallet it is deam sure. So if you protect it from thief you will protect your future.

Bitcoin is a revolutionary asset that protects people from greed and harsh environment which fiat currency, precious stones and metals has failed to provide most especially to those people living in the lower status in the society. Bitcoin is transparent, secure, has privacy and decentralized that is why no one can control it's system though can be manipulated by whales or community but will surely give us financial freedom compared to centralized assets.

Bitcoins gives you protection from a  situation where the value of your currency has reduced. It is used and accepted world wide.

Yes in bitcoin we don't have taxes to pay it's free and we know money transfer in other country have big charges but in bitcoin we pay only small amount and the transactions are fast and safe.

From a digital coin, bitcoin can protect people from the loss of money, you know that fiat money value goes down over time, so that your life will not enough. But since bitcoin appears everything is resolved easily. It is important that you keep your wallet safe

Its protect me from paying tax, protect my personal data, anonymous transactions which cant be easily traced to me. Its also help in fast transactions.

Bitcoin protecting our identity when making transaction. Its not to avoid taxes but we should keep our privacy in digital world. Privacy in digital world is very valuable and bitcoin offering our transaction become anonymity.
But the important thing about bitcoin is can use as store of value too like gold. If peoples knowing about bitcoin and use it, bitcoin more safe than gold because protected by private key

It makes my identity hidden when making transactions online and also my data and information to privacy for being a decentralized .

I think BTC and ICO prjects protect people future for the retirement.
If you need my recommendation,  I can say to you that you need to study about Socratus. It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paperwork. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits. I really like their philosophy! And I think they deserve investing. Moreover, if the one buys their tokens, they will be provided with an additional discount and special conditions.

Bitcoin can protect your money and i know bank is the safe to hindi your gold or silver but in bitcoin you can more silver or gold by investing it and in bitcoin you can guranteed that your money is safe and thats why you can trust bitcoin.

Keep dreaming. The majority of the people buy their first coins through centralized services that require at least some form of verification. If you don't do anything to get rid of that taint, you have no privacy at all.

It's actually quite dangerous to easily assume that you enjoy a great deal of privacy just because you're using Bitcoin, while in reality privacy barely exits in this industry anymore.

There have been quite a number of drug dealers that were busted just because they thought that Bitcoin's anonymity would protect their identity and such. It's pure ignorance but people will slowly learn in the coming years.

Monero is gaining popularity consistently.

You see the final btc price is $ 19500 then what do you say? If you protect it from thieves, you will protect your future. Bitcoin has nothing to protect but just for the sake of investors, those inside e-money are here to earn and earn so, the only concerns here are the investments in the future

It helps people in terms of safety and security.  Bitcoin users are in full control of their transactions since no single institution controls its network. This puts some people at ease, because it means that a large bank can’t control their money. It offers strong protection against identity theft. We can also protect our money with backup and encryption.

bitcoin is protected by private key such as wallet and private key. the second is what protects the bitcoin from people who intend to enter into bitcoin with the intention to steal the contents of a bitcoin purse someone. traders do not lose money due to negligence maintenance of private key ..

To me i think that bitcoin is providing good financial support to people, specially to those people who have some experience in trading, because trading bitcoin can give a good profit to experienced people. While those people those people who do not have enough experience in trading they can also make good money from bitcoin investment for a long time.

absolutely true, if the internet in the whole world is stopped, it's the history of Bitcoin.
but that is not possible because all Banks, Governments, Financial Institutions also need computers, electricity and the internet to interact with each other.

Bitcoin protects people from the centralized world economy, where everything is controlled by the government. For example, bitcoin allows community users to determine the price they want to sell or buy. It also protects users from information leaks due to its well-known security and anonymity

kyc will completely eliminate anonymity, this is unfortunate, but I think if the government does not control the flow of currency fluctuations and especially if they endorse bitcoin. all greed will become wild and uncontrollable, this will make the impact of mental destruction even greater.

I only understand that bitcoin protects people from ignorance, there is an increase in economic degrees and even hope for a better life competently.

In my opinion, Bitcoin and cryptocurrency protect us from taxes and protect the identity of its users and the Bitcoin system allows people to protect their property from anyone's reach.

Corruptions from government officials who were greed is the very strong reason why bitcoin could protect us from that kind of manipulations. Bitcoin return back those money wasted from the undesirable over taxation which every peopel are going to pay forcibly. That's right bitcoin freedom really empowered every individual to have definite confidentiality towards their every digital assets.

For me, I don't know with bitcoin that protect the economy of people like gold or not, we can see that gold have their own commodity and doesn't affect by inflation. bitcoin may be affected by inflation but not much like the cash or local currencies. so many people use bitcoin as their investment to a get away from inflation and profitable.

I don't really understand about this mtter, but in my opinion i think bitcoin is trying to protect people from the unfairness of existing financial system that often make the third party gain more benefit than the other.

I find the bitcoin price a big risk. I have not received a profit from Bitcoin. Bitcoin trading can be risky because the price of this currency is difficult to predict in advance or fall in the future. Despite the low cost, many risks and recommendations made, but with the unprecedented "crazy" price increase in Bitcoin's history, many people are still searching for opportunities to get rich.

With Bitcoin, people are protected from those rubbers. Because we will not be carrying bags of money in case of bigger transactions. But it will be so risky if the internet signal is lost.

Bitcoin is like Gold and silver the difference between them is that Bitcoin has no stable value and a digital wealth otherwise Gold is has a value that cannot be lower rather than bitcoin.Bitcoin as a digital wealth they protect people by not holdaping, kidnapping and others. That's only my opinion .

Very disappointed, I do not see bitcoin protecting its price. In this trading day, Bitcoin has increased slightly but still at a very low price level. Compared to the end of July, Bitcoin has lost more than 20% of its value.

Bitcoin protects us from so many physical things that affect economy, business, and finance because bitcoin  its been operated or controlled online through the internet, so it makes things easier and saver unlike others means.

Well, in my opinion,bitcoin can protect peoples from economic crisis as what some countries faces now, they can gave peoples chance to earn and have crypto currency which is now become popular world wide and because of our new technology they invented also a blockchain technology that now are become useful because of its good and many advantages of using it.

I think Bitcoin and cryptocurrencies can give us financial freedom if you are with it, but it requires the patience, if you are a holder since last year you must know how hard it is right now, I am too very tough with money cos all my money in Cryptos.

To start trusting the system, you need at least a little understanding of the basic principles of its operation and a high degree of security.

It can be not a direct answer to your question, but my bitcoin is protecting me from going everyday to a regular job from 9 a.m. till 6 p.m. And be the pendants from my boss, who can just fair me.

Sounds like you have to sell some bitcoins, mate. It will always be risky to put your money in one basket even when it's something as big as bitcoin. You should always have backup money so even when bitcoin dies or your wallet gets hacked, you will still be safe financially.
Even with the corrupt government, we will always need tax because it's how the country sustains the country's needs. The help might not reach you directly, but the government is using tax to fix things and offer services for free. Although it's really sad to see that not 100% of the tax goes to the people but some goes to the government officials themselves.
I'm not really sure if anonymity was ever a thing since exchanges are requiring you to verify identity (KYC) in order to exchange your bitcoins into cash. The government will just ask for the list of users from an exchange, and they already know who are the crypto users in their country. At the end of the day, our money will still have to go through the exchange because it's how we convert our bitcoins into fiat money, sadly. No matter how anonymous we tried to stay online. Although of course there will always be ways to bypass this like selling your bitcoins to people directly or have someone else cashout the money for you and have it named for someone else.

The best thing bitcoin protects us from is hyperinflation.  Bitcoin has parameters set on the inflation rate and it will gradually decrease overtime.  Governments and bankers rob us of our purchasing power by printing money digitally with fractional lending.  I know the bitcoin inflation rate is still high at 3% but it will be dropping soon.

The other thing bitcoin protects us from is government seizures.  The government will not be able to freeze your assets if you hold your wealth in bitcoin.

Bitcoin can also hedge inflation and price rises. Bitcoin is a more open and transparent decentralization system than gold and stocks.

Bitcoin as the head of all altcoin protects people means of investment and it also protect them from poverty.. with the help of Bitcoin the poort are now having a great opportunity to become very great and creating more job opportunity for others through the help of bounty

Well, about gold it is a hedge against inflation yes but I do not imagine going to buy my daily needs with that or you just need to bring it somehere, what a pain. BTC is just currency but its limited amount makes it deflationary so it makes it a hedge against inflation and easy to use it for your daily use when there will be more adoption.

I think Bitcoin protects people from intermediaries. Intermediaries such as banks and financial institutions impose enormous costs on financial transactions. This makes transactions very expensive. But Bitcoin is decentralized which means it is not supported by any authority. So that eliminates intermediaries.

Bitcoin protect us from the over restrictions of our financial life by the authority and it institutions and also bitcoin protect us from arm bandits who can take away your physical property but when you store bitcoin since it is base on the blochain it can not be stolen unless the bandits have access to your wallet which is most times very difficult. Bitcoin give us the total financial freedom which make us separate from the third party system.

Now Bitcoin is digital asset that acts as store of value given by buyers and holders only. Bitcoin is unsecured investment.

Bitcoin as a commodity will protect people  from taxation. As a commodity it has value through exchanges.. it is just like other other currencies  gold or silverh.

i think bitcoin will protect people to prevent inflation.
bitcoin like a gold digital, they get up and down price, have a value, and it can get more profit for the person who hold it.

looking at the value side of the price and the rise and fall of prices can be said to be very similar to mas that can be saved, so that the relative price is maintained by bitcoin which is very minimal there is a risk of possible inflation is a long-term profit such as gold...

bitcoin protects people from inflation and also it uses blockchain that can also be useful in protecting different transactions. It cannot easily be hacked.

we are trying to see bitcoin as gold or stock, and I think that is not true. crypto currencies are like other currencies. gold or stocks here are different things.

Bitcoin works with an unprecedented level of transparency that most people are not used to dealing with. All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network. Bitcoin addresses are the only information used to define where bitcoins are allocated and where they are sent. These addresses are created privately by each user's wallets.

bitcoin has protected people  in many ways but just few to mention ;crime: as a digital currency, you store it in your mobile rather than carrying fiat currency in  bulk walking from place to place which attracts criminals. as a store of value, people purchase bitcoin as an asset to prevent future loss or devaluation which affects the worth and cost of their asset.  bitcoin protects people from the stress of walking around the local banks spending and wasting precious time in waiting for cue just to do a transaction. Bitcoin protects people from intermediaries such as banks and financial institutions which impose enormous costs on financial transactions charges so as to benefit them. bitcoin protects people from being jobless and idle as an individual, people see it as an investment and therefore invest in it and get returns which serves as means of income.

I believe that the blocking system on which bitcoin is based is much safer than fiat, or bank keeping of money. :(

bitcoin protects people from the stress of walking around the local banks spending and wasting precious time in waiting for cue just to do a transaction. Bitcoin protects people from intermediaries such as banks and financial institutions which impose enormous costs on financial transactions charges so as to benefit them.

Bitcoin save your privacy

Bitcoin does not protect, he shows you more how you can make money and it will be your money and your earnings.

From the inception Bitcoin was never made to be an investment but rather a decentralized crypto that eliminate control but give the ordinary people the control and reducing poverty at the same time. Bitcoin was just for P2P transaction for payment of goods and services without the interference of a third party. Bitcoin even from whitepaper never mention investment rather a means for P2P that will be centralized. It is the abuse that bitcoin holders that is labeling bitcoin what it is not. The earlier we know the truth the better understanding we will have.

Bitcoin as all know also serves as a store of value and even to some extent much worth than gold and silver and as properties get burnt so as am sure a a digital currency thing on digital or technology have a lot of manipulation from hackers and fraud. However, bitcoin really protect us from manipulation from government and grant us autonomy of our digital currency.

Bitcoin anonymity is for hackers and criminals also. Decentralization means terrorists and criminals can mine bitcoin use for anonymous payments.

Bitcoin protects people from lack of trust and low rate of return when saving money in commercial banks, it is also source of investment, it is can be use for international purchase of goods

Bitcoin is the most successful and the most popular crypto currency of the era and due to its numerous of advantages bitcoin has made millions of investors around the world who consider bitcoin to be most trustworthy and then the most importantly, bitcoin provides the safest and the most confidential transactions among all the investment and therefore protects its user from being get hacked by hackers or reduces the risk of fraud to zero. Though it has some disadvantages but still very good investment overall.

Since the cryptocurrency is volatile, the preservation of all its savings in the cryptocurrency is not safe.Cryptocurrency can protect people from theft, inflation in the country of residence,and the tax service ;D

Have you ever gone to the bank only to find out that you have spent more than you had in your balance, and gone into an unarranged overdraft? Well, that wouldn't happen with Bitcoin. What about taking out a loan and find out that your account has been frozen after you forget to meet a payment deadline? Again, that will never happen with Bitcoin. The major thing that Bitcoin protects is from is abuse by the power that be, e.g. The third party financial institutions and governments that restrict your access to your own money.

Bitcoin wallet, has protect many form of gun men attacks
And other physical security free in the world movement, therefore bitcoin has provided free of charge protection in word of cash flow transaction.

Counterfeiting, because bitcoin is the only transaction tool whose existence is very difficult to fake by anyone. This thing's what makes bitcoin increasingly attractive to investors because he has its own advantages when compared to conventional currencies which are issued by the government.

Bitcoin is mainly protect the users from inflation. Since its supply is very limited and cannot be duplicate unlike fiat currency it is inflation proof. It is also considered as stored of value like bitcoin where you can keep it and use it in case of emergency.

for me it's a good question for me. because i'm also using bitcoin for me bitcoin protects us from poverty because it is a great help for people who are not working or have not finished studying. it's wise to use it sure you get rich with bitcoin and it will protect you from poverty because it's a digital money

And also bitcoin protect people from snatcher or stealing.Physical money is very easy to get or steal special in crowded place but in bitcoin you can bring all your bitcoin without hasitating it will loost.

Civil forfeiture.

Also known as theft by cop, it is when a police officer seizes your money because he thinks you may have committed a crime. It's a completely unfair practice, but billions of dollars are taken from citizens every year in the United States.


If the police doesn't see you carry a large amount of cash (which sometimes is necessary) then they won't be able to steal it from you.

but it's true you say this is indeed very scary if it happens how many millions of people will lose and maybe how we can overcome it. yes, although it is far possible because if it happens not only bitcoin will be destroyed but various fields because many eras today depend on the internet, and hopefully it doesn't happen.

bitcoin is digital money and there are even countries that claim that bitcoin status is like gold or silver status, but what distinguishes bitcoi depends on the internet everything is in the hands of the internet we cannot see physically but the fact is that the price may exceed the price of gold or silver.

Bitcoin is all about decentralization & concensus.
Simply put, every transaction/event, when recorded on a chain, is verified by all the members in the chain.
Once recorded, the data is immutable, which for sure, is better than conventional ledgers.

Banks, for example, are the central authority, that control cash flow and charge transaction fees for every movement of an individual's own funds, payments, earnings or savings.
Bitcoin, on the other hand, is the currency of the future, with minimal transaction costs, and elevated verifiability in close comparison to fiat currencies.

It sure looks like the payments infrastructure, across the web, might shift soon on blockchain. :D

Gold/ silver are physical ammenties which could be used in natural disasters or the world war but bitcoins are not physical. They don't actually protect mankind from any of the above you mentioned but they do balance the financial life of thw individual making them earn a better living and also it does not restrict anyone from getting into it. Stocks are centrakised and the government keeps an eye on them.

Bitcoin there so many times that people are happy and enjoy the profit they got during the situation of price are really good. But for the time when the price are changed into lower price they felt disappointed I hope that people are accepting the reality. We are totally plying the volatility of bitcoin we have nothing to do this is the product of new technology.

Bitcoin is a great crypto currency not only for me but I am sure that almost majority of the population of the crypto currency community wants and love Bitcoin crypto currency. Bitcoin helps people to make their different daily financial transactions easy, secure and faster protecting them from hassles and unwanted circumstances from having the old paying transaction method which is much prone to danger and long way run.

In my opinion, for now bitcoin can protect the country from American financial policies  ;D. Because, Bitcoin and other virtual currencies can pose a direct threat to the status of the United States Dollar as the world currency. With the existence of bitcoin, other currencies such as Yuan, Yen, Rupee and Rupiah which are used by other developing countries will actually get the most benefit from the emergence of bitcoin as an alternative currency.

Maybe it protects investors by profit. With financial solutions, it can limit the risks.

Paper money, gold, silver, diamonds, ... valuable artifacts can be stolen. But bitcoin is not. With blockchain, bitcoin is impossible. You will no longer fear that your property is gone, because apart from you no one can know where it is hidden.

Bitcoin like that kind of precious gem which is always profitable and the more we hold the big the profit would be, so it protect people from being poor.